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Business Developments & Projects

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West Neptune drillship; Source: Seadrill
Business Developments & Projects

Two deals for ultra-deepwater drillships add $260M to Seadrill’s backlog

Bermuda-headquartered offshore drilling contractor Seadrill and U.S.-headquartered LLOG Exploration Company (LLOG), a subsidiary of London-listed oil & gas company Harbour Energy, have expanded their more than decade-long collaboration with contract awards for two ultra-deepwater drillships. The Wes

about 3 months ago
Bourbon’s fleet stronger for 13 vessels
Business Developments & Projects

Bourbon’s fleet stronger for 13 vessels

French maritime services player Bourbon has strengthened its fleet with 13 new offshore support vessels since the start of 2026, representing a value of over $180 million, with 10 of them already under contract. Bourbon has acquired six diesel-electric vessels from the Minsheng Group, five platform

about 3 months ago
Norway: Dry well in license awarded in 1985
Business Developments & Projects

Norway: Dry well in license awarded in 1985

Norway’s state-owned energy firm Equinor and its partners have drilled a dry well off Norway in the North Sea, in a production license awarded in August 1985. Following the drilling permit awarded in January, the wildcat well 34/8-A-37 H was drilled in production licence 120, 140 kilometers west of

about 3 months ago
Valeura charters Shelf Drilling’s 19-year-old rig
Business Developments & Projects

Valeura charters Shelf Drilling’s 19-year-old rig

Canadian oil & gas company Valeura Energy has chartered a jack-up drilling rig owned by UAE-based Shelf Drilling for multi-year work in the Gulf of Thailand. The Enterprise jack-up rig has been chartered for a three-year term which runs until December 31, 2029. Valeura Energy has an option on the st

about 3 months ago
Illustration; Source: ExxonMobil
Business Developments & Projects

ExxonMobil reaffirms trust in Saipem with eighth contract offshore Guyana

Italian engineering, drilling, and construction services giant Saipem has secured a new offshore contract with ExxonMobil in Guyana, covering the operator’s eighth oil discovery in the Stabroek block. Worth around $150 million, ExxonMobil Guyana Limited awarded Saipem with a limited notice to procee

about 3 months ago
UK’s Portland Port approved for LNG ship-to-ship transfers
Business Developments & Projects

UK’s Portland Port approved for LNG ship-to-ship transfers

Portland Port in the UK has received full approval to carry out liquefied natural gas (LNG) ship-to-ship (STS) transfers, adding to its existing oil and liquified petroleum gas (LPG) transfer services. At the port based in South Dorset, STS operations can be performed alongside one of the berths or

about 3 months ago
Oceaneering pilots ROV on Brazilian offshore drilling rig from land
Business Developments & Projects

Oceaneering pilots ROV on Brazilian offshore drilling rig from land

Oceaneering has performed the first piloting operation of a remotely operated vehicle (ROV) on a drilling rig offshore Brazil from its onshore remote operations center (OROC), for Brazilian oil & gas giant Petrobras. The company’s Subsea Robotics segment and Brazilian subsidiary Marine Production Sy

about 3 months ago
DOF’s subsea vessel completes ‘major’ makeover at VARD
Business Developments & Projects

DOF’s subsea vessel completes ‘major’ makeover at VARD

Norway’s VARD has completed upgrades of DOF Group’s 2018-built subsea vessel Skandi Minder to strengthen its capabilities and extend service life. The repair and conversion described as “major” were performed at Vard Langsten and included a remotely operated vehicle (ROV)/LARS upgrade with installat

about 3 months ago
Illustration; Source: OMV
Business Developments & Projects

BP executive becomes OMV’s first female CEO

Austria-headquartered oil & gas player OMV has appointed BP executive Emma Delaney as its first female chief executive officer (CEO), succeeding Alfred Stern. Delaney has been appointed by OMV‘s Supervisory Board as the Chairwoman of the Executive Board and CEO as of September 1, and will assume the

about 3 months ago
Innovex expands with acquisition of 2013-founded US firm
Business Developments & Projects

Innovex expands with acquisition of 2013-founded US firm

Innovex International, a Houston-based company established in 2024 by the merger of Dril-Quip and Innovex Downhole Solutions, has acquired Louisiana-headquartered Drilling Innovative Solutions (DIS), a manufacturer and distributor of downhole tool products for oil & gas exploration. Innovex said tha

about 3 months ago
Jangkrik-01; Source: Eni
Business Developments & Projects

Huge gas discovery surfaces in Southeast Asian waters

Italy’s energy giant Eni has unveiled a new natural gas discovery off the coast of Indonesia, Southeast Asia. This find is said to confirm the strategic potential of the country’s Kutei Basin, unlocking significant new volumes for domestic and international markets.

about 3 months ago
Hondo platform; Source: Sable Offshore
Business Developments & Projects

Third oil platform offshore California coming online in June

Sable Offshore, a Texas-headquartered oil and gas company, has confirmed the timeline for the restart of production from its third platform off the coast of California.

about 3 months ago
Louisiana LNG
Business Developments & Projects

$17.5 billion LNG project anchored by $1B investment in Louisiana businesses

Australia’s energy giant Woodside has revealed award allocations of over $1 billion to Louisiana suppliers for a liquefied natural gas (LNG) development project in the Pelican State, United States (U.S.).

about 3 months ago
Lloyd’s Register, South Korean uni to set up global certification framework for liquid hydrogen shipping
Business Developments & Projects

Lloyd’s Register, South Korean uni to set up global certification framework for liquid hydrogen shipping

UK-based classification society Lloyd’s Register and South Korea’s Pusan National University (PNU) have signed a memorandum of understanding (MoU) to establish the first-ever global certification framework for liquid hydrogen shipping. The framework aims to create the first internationally recognize

about 3 months ago
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